RIGID PACKAGING MARKET ANALYSIS

Rigid Packaging Market, By Material Type (Plastic, Metal, Wood, Glass, Paper & Paperboard), By Application (Food & Beverage, Chemical Industry, Consumer Goods, Healthcare & Pharmaceuticals, Others), By Product Type (Boxes, Trays, Containers & Cans, Bottle & Jars, Others), By Geography (North America, Europe, Asia Pacific, Latin America, Middle East and Africa).

Published In : Mar 2024
Code : CMI846
Pages :170
Formats :
Excel and PDF
Industry : Packaging

Market Challenges: Strict environmental regulations

Global rigid packaging market faces several challenges. Strict environmental regulations around the world aim to reduce plastic waste which impacts material selection for manufacturers. Volatile raw material prices of resins, paper and metals used in rigid packaging increases production costs. Growing e-commerce has also boosted demand for lightweight and flexible packaging at the expense of rigid packages. Consumer preferences are another challenge as these increasingly demand sustainable and eco-friendly packaging options.

Market Opportunities: Expansion of Industries like Food and Beverages, Pharmaceuticals

The market continues to witness growth due to expansion of industries like food and beverages, pharmaceuticals, and consumer goods. Rigid plastics offer protection to fragile products and help optimize supply chain efficiencies. Technological innovations allow manufacturers to make rigid containers more sustainable and recyclable.